Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.